Match Each Description Below to the Appropriate Term (A-C)

question 151

Short Answer

Match each description below to the appropriate term (a-c).
-Transferring costs among departments
A)Allocate
B)Distribute
C)Apply

• A)Allocate
• B)Distribute
• C)Apply

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Definitions:

Free-Trade Policy

A policy to eliminate import/export restrictions or tariffs among countries, facilitating a more free flow of goods and services across borders.

Exporting Steel

The process of producing steel in one country and selling it to buyers in another country.

Importing Incense

The process of bringing incense from foreign countries into one's own country for use, resale, or distribution.

Consumer Surplus

The imbalance between what consumers are willing and financially able to invest in a good or service against what they really spend.